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If your driveway is cracked, you can repave it with a process called asphalt overlay. Overlay is more cost-effective than a full replacement but is better suited for minor cracks and issues. If you have major cracks or other problems like water pooling, asphalt overlay isn’t your best bet. Plus, paving over a cracked driveway only extends the lifetime by about 10 years, whereas replacing it would start the clock over completely to give you up to 30 years.

Asphalt and tarmac are not the same thing. Traditional tarmac, short for tarmacadam, uses tar as a binder to hold crushed stone together. Asphalt uses bitumen—a byproduct of crude oil—to bind aggregate. Though tarmac was once a go-to for roads, asphalt has become the modern standard. And these days, most surfaces referred to as “tarmac” are actually asphalt. So, while the names may overlap, the key distinction lies in the binder—tar for tarmac and bitumen for asphalt.

Gravel driveways are the most economical driveway material, followed pretty closely by asphalt and concrete. At about $1 to $3 per square foot, gravel is about a third of the cost of either of the more common alternatives. But, not everyone likes the look and feel of the material and may opt to pay more for something that looks better.

Yes, asphalt is less expensive than concrete. Asphalt prices range between $7 and $15 per square foot, whereas concrete costs $3 to $18 per square foot. When considering asphalt versus concrete driveways, you’ll want to weigh more than just the costs. While concrete costs more, it costs less to maintain. On the other hand, asphalt has the advantages of a quick installation and shorter drying time.